Spike is a man-portable “fire and forget’ missile that can hit moving targets such as a tank.

India had opted for the Israel’s Spike over the Javelin missiles offered by Washington in 2014.

NATIONAL

5 Day National Youth Festival to begin from 12 January, 2018

Prime Minister Shri Narendra Modi will inaugurate the events of the National Youth Festival(NYF) on 12 January 2018 through Video conferencing and will also address the gathering.

The Festival will commence on the occasion of birth anniversary of Swami Vivekananda, the youth icon of India.

The inaugural function will be co-presided by Chief Minister of Uttar Pradesh Shri Yogi Adityanath, and Union Minister for State (Independent Charge) of Youth Affairs and Sports Col. Rajyavardhan Rathore.

The Festival is organised by Ministry of Youth Affairs & Sports, Govt. of India in collaboration with State Govt. of Uttar Pradesh at Gautam Buddha University, Gautam Budh nagar, Greater Noida from 12th to 16th January, 2018.

This is the first time that the National Youth Festival is being organized in NCR.

The objective of organizing NYF is to provide a platform to bring the youth of the country together in an attempt to provide them opportunity to showcase their talents in various activities.

National Youth Festival (NYF) is the biggest Youth Festival of its kind in the Country.

This is the 22nd National Youth Festival. The 1st National Youth Festival was held in 1995 in Bhopal.

· Paytm Launches Investment Arm, to Invest $10 million

Paytm set up a new entity called Paytm Money Ltd that will offer investment and wealth management products and will invest close to $10 million upfront in the new entity.

In the financial year 2016-17, total FDI of US $ 60.08 billion received, which is an all-time high.

The Cabinet chaired by PM Narendra Modi has approved amendments in FDI Policy and further liberalized few of the policies of FDI.

As per the extant policy, foreign airlines are allowed to invest under Government approval route in the capital of Indian companies operating scheduled and non-scheduled air transport services, up to the limit of 49% of their paid-up capital.

However, this provision was presently not applicable to Air India, thereby implying that foreign airlines could not invest in Air India. It has now been decided to do away with this restriction and allow foreign airlines to invest up to 49% under approval route in Air India.